BearAhamN
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Posts
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Agency rejected form 10NR with error code/number X0000-005 and description "The XML data has failed schema validation. cvc-datatype-valid.1.2.1. '' is not a valid value for 'decimal'". This refers to the tax rate 00.00 on form 1042-S line 4b. Changed it multiple times with available options no luck. Support has been contacted.
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First I would check Visa type and SPT. A US taxpayer ( via Citizen, GC or SPT) reports worldwide income and gains wherever derived. Yes it's a regular schedule E except the fact that you report share of income and expenses and depreciate under ADS (30 years for foreign rental using lower of cost or FMV date assets were place in service). Foreign real estate direct holding/ownership is not an asset under FATCA. So value of property is not considered when testing for SFFA F8938 and for FBAR filing requirements. Passive FTC may be available if taxes are paid/accrued on the RE net income in Germany. IRS pub 519
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ATX support instructed me to manually release the state returns under the file manager and then transmit. For the Federal 1040 efile that is rejected, they instructed me to delete it. I will update by the end of the week!
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US expat moved and doesn't have his IP PIN anymore. taxpayer can't renew it online and the IRS will not send it to the new address overseas. I need to file 2018 US, NY & MA. 2018 Federal return is rejected because I didn't know the IP PIN issue. How can I efile the two states without the Federal (paper filing the federal)? Yes, I have unlinked both states' EF info and rerun the return, but it won't let me transmit the state, it is still showing "hold". Delete federal from e-file? I would really like to be able to e-file NY and MA 2018 without the federal return. Alternatively, I can have the client mail all of the returns (2018 and 2019). Thanks
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All - Currently I am testing out the 2017 ATX trial software. I have used GoSystem, CCH Prosystem Fx and CCh Axcess previously. Now as a self employed, I need help with an input in ATX. Is there a way to optimize between foreign tax credit and foreign tax credit with foreign Earned income exclusion and housing, and preview the results? I can do the manual calculations with or without to force one option or the other, but just wanted to know if it is possible with a check box? Thanks.
